Has Covid-19 impacted the local property market?

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Annabel (admin)
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Has Covid-19 impacted the local property market?

Postby Annabel (admin) » Thu Jul 16, 2020 1:42 pm

With headlines announcing sharp falls in house prices and families evacuating London for idyllic countryside living, we spoke to our property partners to understand how Covid-19 and lockdown has changed the market.
 Over lockdown, unsurprisingly, house viewings ground to a halt. Sellers were encouraged to film their homes to attract online viewings, as prospective buyers spent furloughed days perusing agents’ websites, planning their next move. Pent-up frustration exists among those wanting to buy or sell – years of uncertainty following Brexit had led to a very active first quarter earlier this year and talk of a very strong comeback to London’s housing market, but Covid-19 stopped nearly all activity overnight. Now buyers and sellers are emerging ready to do business again. But what does it mean? What does the property market look like right now?

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